Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0502%/8h= +54.9% APRpaid last 24h −0.172%

Price spread now: Gate against Kraken Futures−0.139%51s7-day average −0.231% · you buy dearer than you sell

Net, funding: paid 7d − costs−$313as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1701.696% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.430%−$143 on $10k

Price spread, last 3 days (all we have)−0.972%−$97 · spread now −0.139%, 7d avg −0.231%

Together, before fees−2.402%−$240 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Gate is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.231%. Mind the row above: over the last 7 days funding on this pair cost −1.430%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04343	−0.0402	get 0.0050% / 1h	33m 25s	$462K	$522K	20x
Short	Gate STRK_USDT	0.04337	0.0100	get 0.0050% / 4h	3h 33m	$578K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: $105.36
Price spread: −0.139% → −0.231%: $9.16
Slippage, 4 orders: −$144.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.09
Costs to cover: 1.696%
Break-even: 10.7 days

Slippage from Kraken Futures: live order book, 39 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 39 min ago	13.67 bp	44.4 bp −$44	2997.6 bp −$30.0K	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.45 bp	40.7 bp −$41	506.1 bp −$5,061	doesn't fit	doesn't fit

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International STRK-PERP-INTX	−0.0576%	1h	0.04335	−0.185%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0402%	1h	0.04343	long leg	$462K	$522K	20x
dYdX STRK-USD	0.0000%	1h	0.04342	−0.028%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.738%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04343	−0.001%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04345	+0.045%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04345	+0.042%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04346	+0.059%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04340	−0.059%	$12.4M	$48.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04336	−0.162%	$15.2M	$21.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04340	−0.070%	$4.8M	$22.7M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04337	−0.139%	$578K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04341	−0.047%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04345	+0.045%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04343	+0.001%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04339	−0.093%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04342	−0.024%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04341	−0.051%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04342	−0.017%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04440	+2.232%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04339	−0.102%	$123K	$729K	10x	as long as short
BloFin STRK-USDT	+0.0159%	4h	0.04340	−0.070%	$745K	$716K	75x	as long as short
Lighter STRK	+0.0240%	1h	0.04354	+0.252%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04346	+0.068%	$8K	$44K	25x	as long as short